Sagespring Wealth Partners LLC Acquires Shares of 3,252 Nasdaq, Inc. (NASDAQ:NDAQ)

Sagespring Wealth Partners LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, Holdings Channel.com reports. The firm bought 3,252 shares of the financial services provider’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Olstein Capital Management L.P. raised its holdings in shares of Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after buying an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Nasdaq during the 4th quarter worth approximately $274,000. Pacer Advisors Inc. grew its stake in shares of Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock valued at $4,689,000 after purchasing an additional 54,535 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 9,130 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Raymond James boosted their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Citigroup cut their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.56.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $71.69 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market cap of $41.23 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.12 and a beta of 1.02. The company’s 50-day moving average price is $76.17 and its 200 day moving average price is $77.39. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.